Backup — original pdf
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ATTACHMENT "A" - M.O.U. MITIGATION FEES CALCULATION WORKSHEET - SUMMARY Permanent Use - Northside MOU # 21-002 Calculated Fee $233,589 Project: AE Lady Bird Lake Duct Bank Bore Permanent Use - Southside $90,405 Temporary Use - Staging Area Northside $127,802 TOTAL = $451,797 Credit for Land Vacation (Northside) Credit for Land Vacation (Southside) $75,136 $49,053 TOTAL = $327,608 ATTACHMENT "A" - M.O.U. MITIGATION FEES CALCULATION WORKSHEET Permanent Use Agreement Northside TCAD Land Value of Adjacent Properties ($): $371,000 Project: AE Lady Bird Lake Duct Bank Bore Northside of Lady Bird Lake MOU # 21-002 Avg. Lot Size (sq. ft.): 6,519 Based on average for adjacent lots zoned SF-3 Value per Square Foot ($): $57 TCAD Land Value divided by Avg. Lot Size Requested Area (sq. ft.): 8,209 Submitted by Requesting Department Preliminary Mitigation Value ($): $467,179 Requested Area multiplied by the Value per Square Foot Disturbance Value (%): 50% Based on limitations on future development for that portion of parkland (see table below) Final Mitigation Value ($): $233,589 Preliminary Mitigation Value multiplied by the Disturbance Value DISTURBANCE VALUES Area can still be developed with minimal or no limitations (underground work/materials with no/few above ground appurtenances/fixtures) Area can still be developed with moderate limitations (underground work/materials with some small/medium appurtenances/fixtures) Development severely limited (underground work/materials with large or several small/medium appurtenances/fixtures) No future park development possible in the area - dedicated to installation (underground and/or surface appurtenances/fixtures) 35% 50% 75% 100% ATTACHMENT "A" - M.O.U. MITIGATION FEES CALCULATION WORKSHEET Permanent Use Agreement Southside TCAD Land Value of Adjacent Properties ($): $8,317,568 Project: AE Lady Bird Lake Duct Bank Bore Southside of Lady Bird Lake MOU # 21-002 Avg. Lot Size (sq. ft.): 118,822 Based on average for adjacent parkland Value per Square Foot. ($): $70 TCAD Land Value divided by average for adjacent parkland Requested Area (sq. ft.): 2,583 Submitted by Requesting Department Preliminary Mitigation Value ($): $180,810 Requested Area multiplied by the Value per Square Foot Disturbance Value (%): 50% Based on limitations on future development for that portion of parkland (see table below) Final Mitigation Value ($): $90,405 Preliminary Mitigation Value multiplied by the Disturbance Value DISTURBANCE VALUES Area can still be developed with minimal or no limitations (underground work/materials with no/few above ground appurtenances/fixtures) Area can still be developed with moderate limitations (underground work/materials with some small/medium appurtenances/fixtures) Development severely limited (underground work/materials with large or several small/medium appurtenances/fixtures) No future park development possible in the area - dedicated to installation (underground and/or surface appurtenances/fixtures) 35% 50% 75% 100% ATTACHMENT "A" - M.O.U. MITIGATION FEES CALCULATION WORKSHEET Temporary Use - Staging Northside TCAD Land Value of Adjacent Properties ($): $371,000 Project: AE Lady Bird Lake Duct Bank Bore 0 MOU # 21-002 Average Lot Size (sq. ft.): 6,519 Based on average for adjacent lots zoned SF-3 Value per Square Ft. ($): $57 Average Requested Area (sq. ft.): 59,885 Submitted by Requesting Department Preliminary Annual Value of Requested Area ($) $3,408,055 Area requested multiplied by Value per Square Ft. Adjusted Annual Value of Requested Area ($) $511,208 (15% Rate of Return) Monthly Value of Requested Area ($) $42,601 Adjusted Annual Value divided by 12 Daily Temporary Use Rate ($): $1,420 Monthly Value divided by 30 (Average number of days in a month) Days Requested: 90 Submitted br Requesting Department/Entity Temporary Use Rate ($): $127,802 Daily Temporary Use Fee multiplied by Days Requested ATTACHMENT "A" - M.O.U. MITIGATION FEES CALCULATION WORKSHEET Credit for Land Vacation TCAD Land Value of Adjacent Properties ($): $371,000 Project: AE Lady Bird Lake Duct Bank Bore Northside of Lady Bird Lake MOU # 21-002 Avg. Lot Size (sq. ft.): 6,519 Based on average for adjacent lots zoned SF-3 Value per Square Foot. ($): $57 TCAD Land Value divided by Avg. Lot Size Vacated Area (sq. ft.): 5,281 Submitted by Requesting Department Preliminary Vacation Value ($): $300,545 Requested Area multiplied by the Value per Square Foot Credit Value (%): 25% Based on the unknown depth of the exisitng ductbank Final Vacation Value ($): $75,136 Preliminary Mitigation Value multiplied by the Disturbance Value ATTACHMENT "A" - M.O.U. MITIGATION FEES CALCULATION WORKSHEET Credit for Land Vacation TCAD Land Value of Adjacent Properties ($): $8,317,568 Project: AE Lady Bird Lake Duct Bank Bore Southside of Lady Bird Lake MOU # 21-002 Avg. Lot Size (sq. ft.): 118,822 Based on average for adjacent park parcels Value per Square Foot. ($): $70 TCAD Land Value divided by Avg. Lot Size Vacated Area (sq. ft.): 2,803 Submitted by Requesting Department Preliminary Vacation Value ($): $196,210 Requested Area multiplied by the Value per Square Foot Credit Value (%): 25% Based on the unknown depth of the exisitng ductbank Final Vacation Value ($): $49,053 Preliminary Mitigation Value multiplied by the Disturbance Value Prop ID Avg Sq Ft Land Value Per Sq. Ft. Value 6,519 6,519 6,519 6,519 6,519 6,519 $385,000 $385,000 $385,000 $350,000 $350,000 $371,000 $59.06 $59.06 $59.06 $53.69 $53.69 $57 Totals Northside 724895 724894 721169 187493 187492 Southside Prop ID Avg Sq Ft Land Value Per Sq. Ft. Value 283144 283143 283142 283141 283879 46,675 100,256 39,183 88,078 $3,267,250 $7,017,920 $2,742,810 $6,165,460 319,920 $22,394,400 $8,317,568 118,822 $70.00 $70.00 $70.00 $70.00 $70.00 $70 Totals